Question: Assuming the client's controls are effective, how might the auditor use data analytics tools to audit the ticket sales revenue account? How would the evidence
Assuming the client's controls are effective, how might the auditor use data analytics tools to audit the ticket sales revenue account?
How would the evidence obtained using data analytics (i.e., ability to effectively analyze every sales transaction during the year) compare with the evidence from both substantive analytical procedures and tests of details in terms of effectiveness and efficiency?
What additional insights might the auditor be able to identify using data analytics?
How would the evidence obtained using data analytics (i.e., ability to effectively analyze every sales transaction during the year) compare with the evidence from both substantive analytical procedures and tests of details in terms of effectiveness and efficiency?
What additional insights might the auditor be able to identify using data analytics?
Step by Step Solution
★★★★★
3.50 Rating (170 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
1 The auditor can use data analytics tools to audit the ticket sales revenue account by analyzing la... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
